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Octavian-Dragomir JORA
Academia de Studii Economice din Bucureşti

Actuala criză economică poate fi privită ca o sumă de dialectici, şi în sine, dar şi în privinţa problematizării apariţiei ei. Acţiuni contradictorii au născut convulsia a cărei fază recesivă o trăim în prezent, fie în Europa, fie în lume, ca tot: “omogenitate monetară vs. eterogenitate fiscală”, “germanizare vs. grecizare a modelelor de competitivitate”, “îndatorări ieftine vs. rambursări scumpe”, “liberalizare vs. malreglementare” ş.a. Intelectualmente, argumentări contradictorii coabitează la fel de spasmodic, căutând cumva ajungerea la o sinteză cu conţinut epistemologic superior, dar şi evitarea elegantă a contradicţiilor-sursă: vorbim de “căutare apriorică vs. revelaţie empirică”, de “analiză calitativă vs. cantitativă”, de “regularităţi vs. lebede negre”, de “imposibilităţi ideologice de moment vs. utopii”.


ŒCONOMICA nr. 1/2012
INSTITUŢII ŞI INDICATORI MACRO. INDICIILE ŞI INDICII BLOCAJELOR
János KORNAI
Harvard University
This study does not call for any changes of emphasis regarding the political climate in nowadays Hungary. I am still convinced that the main trouble lies in the replacement of democracy by autocracy. What I set out to do here is to augment the conclusions made already, by reviewing the events of the last twenty months from a different angle: that of the centralizing tendency.

ŒCONOMICA no. 1/2012
Keywords: democracy, autocracy, free market, central planning
JEL: H11, K10, N30
Centralizarea şi economia de piaţă capitalistă
Cezar MEREUŢĂ
Institutul de Prognoză Economică din București

The paper proposes to identify the most important development priorities for Romania until the year 2020, based on the analysis of the dynamic structure of world economy, the EU’s and Romanian economy. Starting from the definition of structural distributions and of its main characteristic measurement, the paper analyses various indicators on a cross-temporal and cross-spatial basis.


ŒCONOMICA no. 1/2012
Keywords: structural distribution, comparative analysis, enterprise development
JEL: C58, E17, E23, E27
Dinamica structurii economiei. Pe ce structuri ne bazăm?
Lucian CROITORU
Banca Naţională a României
Given the recurrence of the instability cycle and the higher probability of the economy to avoid falling into the liquidity trap if inflation is higher when a bubble bursts, then higher inflation is preferable. This paper suggests the monetary policy objective can be enhanced by shifting it from explicit or implicit targeting of low and stable inflation to explicit targeting of moderate and stable inflation.

ŒCONOMICA no. 1/2012
Keywords: monetary policy, central bank, liquidity trap, inflation
JEL: E31, E32, E41, E43, E51, E58
La ce e bună o inflaţie mai mare? Să eviţi capcana lichidităţii sau să scapi din ea
Silviu CERNA
Universitatea de Vest din Timişoara

The article deals with the main intellectual challenges of developing the theoretical basis and potential instruments that can be used in the analysis of financial stability. It examines the means of detecting systemic risk and describes the difficulties in detecting it. It also presents the main sectors in which the current crisis has revealed the existence of major cognitive problems.


ŒCONOMICA no. 1/2012
Keywords: crisis, liquidity, regulation, systemic risk, financial stability, supervision
JEL: E42, E44, E52, E58, G21, G33
Stabilitatea financiară: provocări teoretice
Dan Drosu ŞAGUNA
Universitatea Creştină “Dimitrie Cantemir”
Alice Cristina Maria ZDANOVSCHI
Universitatea Creştină “Dimitrie Cantemir”

This paper deals with the consequences of signing the Treaty on the establishment, coordination and governance in the European Union, also known as the "Tax Treaty". Thus, our article presents some general concepts on the relationship between taxation, fiscal policy and the European Union, sketching in the same time the background for the signing of the “Tax Treaty”.


ŒCONOMICA no. 1/2012
Keywords: European Union, Tax Treaty, taxation, fiscal policy, budget deficit
JEL: K34, K33, H87, H63, E62, F02, G01, G18, H12
Consecinţele „Tratatului fiscal” asupra statelor Uniunii Europene
Octavian-Dragomir JORA
Academia de Studii Economice din Bucureşti
Mihaela IACOB
Academia de Studii Economice din Bucureşti

The logic of agency problems is that “legally” the principals are (institutionally) hampered from configuring or securing the contractual precautions they wish to enforce out of those available in a pure free market. We review topics pointing that omnipotent management phenomenon is not a so-called “asymmetric information” market failure, but a State failure in protecting private property.


ŒCONOMICA no. 1/2012
Keywords: business corporation, private property, contract, state interventionism, law of unintended consequences, moral hazard, principal-agent problems
JEL: B53, K20, L20, M20
Managementul omnipotent şi puterea stimulentelor etatiste. Hazard moral în interiorul corporaţiei moderne